7 U.S.C. § 940h — Bonding requirements

FEDERAL · 7 U.S.C. · Chapter SUBCHAPTER III—RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS

Bonding requirements

7 U.S.C. § 940h

ChapterSUBCHAPTER III—RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS

This text of 7 U.S.C. § 940h (Bonding requirements) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

7 U.S.C. § 940h.

Text

The Secretary shall review the bonding requirements for all programs administered by the Rural Utilities Service under this chapter to ensure that bonds are not required if—

(1)the interests of the Secretary are adequately protected by product warranties; or

(2)the costs or conditions associated with a bond exceed the benefit of the bond.

Free access — add to your briefcase to read the full text and ask questions with AI

Source Credit

History

(May 20, 1936, ch. 432, title III, §318, as added Pub. L. 110–234, title VI, §6109, May 22, 2008, 122 Stat. 1198, and Pub. L. 110–246, §4(a), title VI, §6109, June 18, 2008, 122 Stat. 1664, 1960.)

Editorial Notes

Editorial Notes

Codification
Pub. L. 110–234 and Pub. L. 110–246 enacted identical sections. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246.

Statutory Notes and Related Subsidiaries

Effective Date
Enactment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as a note under section 8701 of this title.

Cite This Page — Counsel Stack

Bluebook (online)

7 U.S.C. § 940h, Counsel Stack Legal Research, https://law.counselstack.com/usc/7/940h.